Raiffeisen Bank International AG Purchases Shares of 4,447 Nasdaq, Inc. (NASDAQ:NDAQ)

Raiffeisen Bank International AG purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,447 shares of the financial services provider’s stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. Barclays PLC increased its stake in Nasdaq by 48.9% in the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after buying an additional 500,418 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Nasdaq by 41.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,916 shares of the financial services provider’s stock valued at $303,000 after buying an additional 1,149 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Nasdaq by 125.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 299,590 shares of the financial services provider’s stock valued at $23,161,000 after buying an additional 166,804 shares during the last quarter. Park Avenue Securities LLC increased its stake in Nasdaq by 12.5% in the 4th quarter. Park Avenue Securities LLC now owns 7,056 shares of the financial services provider’s stock valued at $546,000 after buying an additional 783 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Nasdaq by 325.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,170 shares of the financial services provider’s stock valued at $1,869,000 after buying an additional 18,490 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NDAQ shares. UBS Group reiterated a “cautious” rating on shares of Nasdaq in a research note on Monday, April 28th. Barclays decreased their price objective on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Oppenheimer decreased their price objective on shares of Nasdaq from $89.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $81.90 on Friday. The firm has a market cap of $47.02 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 52 week low of $58.28 and a 52 week high of $84.15. The firm’s 50-day simple moving average is $75.00 and its two-hundred day simple moving average is $77.94.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.32%. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s payout ratio is currently 49.09%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.